12.12.2013 - EU may propose carbon permit reserve next year to combat surplus

The European Commission may propose next month a law to manage the supply of carbon permits as a way of combating a surplus that drove prices to a record low, said Jos Delbeke, head of the regulatorís climate department.
A reserve mechanism to add or release pollution rights may help reduce a glut of more than 2 billion metric tons of permits, Delbeke, the commissionís Director-General for Climate, said in Brussels yesterday. He spoke after European lawmakers approved a plan to delay temporarily the sale of 900 million allowances in a process called backloading...............................................Full Article: Source